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News Now

CU System
California CUs Receive $122,000 in FHLB Grants
SAN FRANCISCO (9/5/13)--The Federal Home Loan Bank of San Francisco awarded $122,000 in Access to Housing and Economic Assistance for Development (AHEAD) grants to two California credit unions Tuesday.
 
Mendo Lake CU, with $135 million in assets, Ukiah, Calif., received $92,000 for three projects. A $42,000 grant will help fund construction of a six-unit mobile housing unit demonstration model for migrant farmworkers in Santa Rosa Calif. A $25,000 grant will assist with the development of children-at-risk resource center in Ukiah, Calif., and a $25,000 grant will provide business development, consumer, and home loans to Indian tribes within a nine-county region of California.
 
Meriwest CU, with $1 billion in assets, San Jose, Calif., received $30,000 in grant funds to develop a second career job training program in Campbell, Calif.


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